Nio

Deutsche Bank expects Nio to report soft results for the first quarter, with downside risk to margins, though some relief in on the way.

Wait times for both the Nio ES7 and ET7 have gone from about 3 weeks to 3-4 weeks.

Nio said it plans to launch a new NT 2.0-based model, the ET5 Touring, which will be delivered to customers starting in June.

As of May 31, Nio had 118 Nio Houses and 269 Nio Spaces worldwide.

The Nio ET5 wait time has changed from 2-3 weeks to about 3 weeks, the EC7 from 5-7 weeks to about 5 weeks, and the ES7 from about 4 weeks to about 3 weeks.

Former Xpeng Internet center vice general manager Liu Fanfan has joined Nio as head of the navigation and location services division, according to local media.

Nio is more likely to announce plans for its sub-brands than new Nio-brand models on Nio Day 2023.

Nio has produced some new ES6 vehicles based on designer-recommended configuration combinations, and deliveries of customized vehicles will begin in mid-June.

Nio's cumulative sales so far this month were around 5,300 units, with the company launching and starting deliveries of the new ES6 on May 24.

Nio is aiming to add 1,000 battery swap stations this year, and to make up for the lack of capacity, it decided to build a new plant in Hefei to produce them, an executive said.